DataPatron

Bitcoin - Whales have funny times. You should be already out!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys! All irrational price parabolas in the world ends the same way! If you are riding this, congratulations, you have had very profitable trade but it's definitely time to take your profits and get out before panic selling will occur!

Take care!

-dp-
DataPatron CryptoFido
@CryptoFido, that would be catastrophic..
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DataPatron CryptoFido
@CryptoFido, believe, this is not what you want, bitcoin cannot enter bubble territory so soon - ATH this year, because even worse crash would come afterwards, potentially to 3 digits and mining collapse!.. nice and smooth uptrend with ATH not sooner than 2021-2022 is needed
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New maximums below the previous pivot. Bearish patterns in smaller time frames. Careful with taking long positions after all these pumps, and if you decide to take them, set a tigh stop-loss right below the last pivot at $7,730

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Even though not as bearish as yours, this pattern I came across shows how at least a pull back to a certain degree is possible.

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There will be no mass adoption to some asset class that is in mass quantities (scarce in nature) held by the very few rich who can splash and spill it at their whims and fancies. There will be no adoption due to the fact of exchanges manipulating the prices covering up their laundering activities. The way the elites are creating a magical effect that every human will choke up if they don't own btc today is ridiculous. Dreams of 100k to 500k prices sold to the common man inviting them to speculation is a karmic crime anyways. Comparing it to gold and releasing TV ads this year doesn't make sense either when it was most needed last year to infuse confidence during a bear phase (again personal motive of bary silbert since he has a trust and must be having heavy alt bags his trust invests into) These guys Pompalino, Saifdean, Mccormack, Mcafee, Antanopolous, Murad, Armstrong, Winklevoss twins, Jimmy Wong and likes of all these names, who are they? Since years they have been in a super plan mode to promote this asset class shilling and selling dreams to every single person on twitter taking them away from the current activities of life. I see many people having dreams of making 2 million dollars in as quick as 2 years by just buying btc. DO u guys even think these people, these names i mentioned they are the mafia in crypto run and controlled by much bigger heads who fund them. Bitfinex is running a day light robbery as easy as cutting butter with a knife willfully printing paper tether and priming the prices up. Does this all seem normal to everyone? Leaving a paying job or atleast working with a half willed heart at work and more immersed into crypto are you doing justice to yourself? Why is it now that we are hearing all good news? Why? That ad "drop gold" by Grayscale why didn't it come last year when people were losing money buying the top. Don't u think that was the perfect time to introduce people to bitcoin if adoption was truly the agenda. Nope that time they were dumping their bags at inflated rates upon you at 18k, 15k, 10k and so on. Now when they filled their waters with bags down dumping upon you since Jan till April this was the perfect time to create a full on bull mode so that FMOMO kicks in hard. This is exactly what is happening. No one gives a fuck of btc. Even readers of my message won't. The simple reason is that all of us need money to live and not a block asset that appreciates and depreciates in minutes. The fact all of us would want to redeem btc at 100k or 500k so the beleif is still cash out into fiat. Why? U love btc why cash into fiat. If that's the case then fiat pays more importance to btc. Take time think whats happening why its happening and who is playing this game. What is their motive. I'm pretty sure its to sell their low bought bags at higher rates and have u hold them for ages till finally either government shuts this down or btc retraces and eventually fails to act as a currency which in most cases it will.
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DataPatron aakeelr
@aakeelr, you've got many good points. But I would not blame Bitcoin for all of those! Market manipulation, money laundering, wash trading, pump and dumps and many other criminal activities are here and probably will stay here until existence of this civilisation. Bitcoin has really unique features as store of value but is still in very early adoption cycles compared much more to drunk punk band live show than serious monetary policy. Unregulated trading space is nothing but great place for heavy corruption and scams. I would blame here much more exchanges completely out of control and individuals responsible for this mess. I think real adoption is at least 10-15 years from now when Bitcoin price achieve very low volatility and much higher, but stable price levels and will be traded only on regulated markets and across long cycles compared to standard currencies cycles now. Until that time crazy stuff will be here. I am pretty sure new grow cycle is 1-2 years ahead and will be massive, no doubt about it.
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I agree with your analysis. Many people in this space do not understand that TIME stretches charts outward... Take a look at June 4th 2014 on weekly. Thats where I think we are. We're only halfway thru bear market... This is just an uptrend within it. Thanks
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DataPatron Chef-Zef
@Chef-Zef, agree, i think current chart fractal is very similar to that part, but moving averages are completely different. I copied capitulation starting from that point in 2014 to project price action in current chart.
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That impossible 6k resistance has likely flipped to strong support, if price is able to make it that low. There are going to be a lot of buyers at that level, I agree with your blow off top target, and that a great shorting opportunity could come at anytime, but I think the signal has been sent loud and clear that new lows are not likely. This is now a BTFD market imo. Cutting up through 6k was the result of over a year of professional accumulation, there was not significant supply to dump on the market and reverse price from 6k because its in the hands of institutions and professional traders that will hold the majority of it until the end of the bull run.
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